I have a lot of credit cards. A lot of them have annual fees, which I consider to be worthwhile given the perks they offer in return. However, there’s also a lot of value in holding onto some no annual fee cards long term. One big aspect of your credit score is your average age of accounts, and you can build that by holding onto some cards long term. Obviously it’s ideal to largely do that using cards that has no annual fee, since you can hold onto them for free.
At the moment I have three no annual fee credit cards, and they’re not just great to hold onto because they have no annual fee, but also because they offer incredible points earning potential.
Specifically, I have the following three no annual fee cards: